In his new year's address, President Moon Jae-in said the government will spend over $1 billion on data, artificial intelligence and the "hydrogen economy" to stimulate overall economic growth.

In his new year's address, President Moon Jae-in said the government will spend over $1 billion on data, artificial intelligence and the "hydrogen economy" to stimulate overall economic growth. The number of all-electric and hydrogen fuel-cell electric vehicles will increase to 430,000 units and 67,000 units, respectively, by 2020. In a move to promotezero-emission vehicles, the city of Seoul will add 3,000 hydrogen vehicles and more charging stations. It will also redesign major roads to make more room for bicycles and pedestrians.